2012-12-07
2012-12-07
x north korea

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johns has been following both cases for us. joe, explain the impact of today's decision. >> well, it is big impact. as you know, this is one of those cases that people talk about over the water cooler. let's start with proposition 8. very simple, wolf, it is the california ballot initiative passed in 2008 by the people of the state of california that established marriage as between a man and a woman. it overturned a court case that said same sex couples have the right to marry. windsor is the other case you were talking about, it is an attack on defense of marriage act which was passed in 1996 by the congress, signed by the president. it's called windsor against the united states. it is about a woman named edith windsor who had a long time relationship with her partner, and they were married in 2007. spier died in new york in 2009, and edith windsor got a lot of money. something like $363,000 as a result of that, she was required to pay that in federal estate taxes on her inheritance. she would not have had to pay that money if federal law had given that same sex relationship the

, to come back to us with a counter offer. >> the jobs report today indicated unemployment is down roughly a full point from this time last year. a lot of folks in the business community say if no deal is going to happen it could obviously hurt american jobs prospects. they always say, where are the jobs, they seem to be coming along. judge take such a risk when the jobs number is improving. >> because the risk the president wants us to take increasing tax rates will hit many small businesses that produce 60 to 70% of the new jobs in our country. that is the whole issue here. >> speaker -- you violated the rules. sorry. >> speaker. secretary timothy geithner said the president was absolutely willing to go off the cliff if he doesn't get the tax increase. >> i think that is reckless ta talk. >> you said flatly taxes are not going up. is that the case. >> listen, raising taxes on small businesses are not going to help our economy and those seeking work. i came out the day after the election to put revenues on the table, to take a step toward the president to try to resolve this. when is he g

is the negotiators are probably going to use a baseline that is different from the congressional budget office and senator warner talks about getting savings from the tax rates going up on what the americans. as i understand, it is already built into the cbo baseline. so, in terms of getting to that four to 6 trillion-dollar how much are we talking a lot in terms of real savings and in terms of tax increases, and how much are we talking about in terms of coming you know, just a redefined baseline? and then in the other question is can you give us an idea in terms of framework we are likely to see at the end of the year are we just going to see a bunch of top line number $800 billion with some sort of trigger or are we going to see the details, and if we see a bunch of top line numbers, how long does it take to get to feeling that an and drafting the legislation to get it through the congress? >> i would like to answer the second question. >> there is an old adage that says you don't learn a lot on the second kick in the shin from a mule. we've down this road of process. we have 12 fighting hig

at the history of what has been done. there is a long history of using that debt limit as a moment to distract from the party in power. if we had an academic seminar on the impact of the that struggle and the fiscal policy, he would say that it was a negative thing. >> well, i have never until last year of august 2011, i have not seen any serious effort or serious threat made by the leadership of congress to refuse to give the secretary of treasury the ability to offer to meet obligations congress had adopted. i thought that was a new experience for us. it certainly was for me to see that happen. dr. zandi, you said you think that we need to repeal this law that tries to set a debt limit and concentrate more on taxing and spending policies that causes to raise the debt, as i understand? >> absolutely. it is a bad way to conduct policy. it is a problem. look at july and august of 2011. it was a mess. gdp downgraded the debt. it really had an impact. cbo is estimating the interest costs is costing us money. it is pretty clear that this is not going to get any better going forward. it will be wor

the country where we're headed. stuart, thank you very much. stuart varney with a look at this morning for us. bill: really a stunning figure when you think about number about of people, even now that are dropping out of the labor force, unaccounted for. either their unemployment benefits run out or they're still living off the government and getting that check and that might be for the moment the only source of income. martha: we passed important threshold of 99 weeks a lot of people roll off that number for the very first time sense all this began. it makes you wonder if people are just taking advantage of benefits offered in order to get by if they simply opted out which is a sad situation. bill: what he talks about is 350,000 americans in this report alone. a really staggering the state of our economy now. here's a bit more for the labor report. 12 million americans still unemployed. about 40% of them have been out of work for 27 weeks or longer. more than eight million americans only working part time due to the current state of the economy. martha: new comments about the crisis in syria

in hospital. >> reporter: the agency spokesperson says the attack closely resembles the one used to assassinate rabbani in september 2011. rabbani was a man charged with negotiating peace with the taliban. his death was a major setback for the karzai government. the taliban has issued a statement claiming responsibility for the attack on halib. experts have warned that militant groups would attempt more attacks against government chiefs as it's ka lates its offensive against international and government forces. with international combat troops scheduled to withdraw from afghanistan in two years' time. concerns are growing that the afghan government is not ready to take over security. hideki yui, nhk world, kabul. >>> and that wraps up our bulletin for today. i'm patchari raksawong in bangkok. >>> u.s. labor department officials have released the latest jobs report. they say the employment situation improved in november. this is the first employment data after president barack obama was re-elected. the unemployment rate last month fell to 7.7% from 7.9% in october. the jobless rat

yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. >>> right now on "andrea mitchell reports" -- now there are two. the president and the speaker. direct talks but only moments ago john boehner says there's no progress. >> the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. >> the rebels gain on assad raising fears he

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